Summary
The CFAS Guide, published in November 2014 by the Climate and Development Knowledge Network, provides a comprehensive briefing for negotiators and stakeholders attending the 20th Conference of the Parties (COP20) in Lima, Peru. The document outlines the state of climate finance negotiations, focusing on the goal of mobilizing $100 billion annually by 2020, the operationalization of the Green Climate Fund (GCF), and the roles of the Standing Committee on Finance (SCF) and other financial mechanisms under the UNFCCC and the Kyoto Protocol.
Key insights
- Developed countries are committed to mobilizing $100 billion per year by 2020 to support mitigation and adaptation efforts in developing countries, with a specific call to direct a significant portion of public resources toward adaptation activities.
- The Green Climate Fund (GCF) established eight 'essential requirements' to enable the receipt, management, programming, and disbursement of financial resources. These include an accreditation framework, a proposal approval process, a results management framework, and financial risk management policies.
- At a donor conference in Berlin on November 19-20, 2014, 22 countries pledged $9.3 billion to the Green Climate Fund. Contributors included the United States, Japan, the United Kingdom, Germany, France, and several developing countries such as Mexico, Indonesia, South Korea, Panama, and Mongolia.
- The Adaptation Fund is facing severe financial difficulties due to the collapse of carbon prices. Revenue from the sale of certified emission reductions fell from $100 million in 2010 to $1.8 million in 2013, making the fund increasingly dependent on contributions from developed countries.
- The Standing Committee on Finance (SCF) is tasked with improving the consistency and coordination of climate finance, including the rationalization of fragmented forest financing under REDD+. The SCF recommended that the GCF support both phases of REDD+ and consider opening a specific window for it.
- The Global Environment Facility (GEF) manages the Least Developed Countries Fund (LDCF), which supports National Adaptation Programmes of Action (NAPAs). As of June 30, 2014, cumulative pledges to the LDCF reached $906.640 million, with $872.630 million received.
- There is an ongoing debate regarding whether Nationally Determined Contributions (NDCs) should include financial provisions. While most developed countries prefer limiting NDCs to mitigation, some developing countries argue that financial commitments are necessary for them to plan their national contributions and increase ambition.
- The Warsaw International Mechanism (WIM) on loss and damage is addressing the controversy of how to handle financing for both economic and non-economic losses. Priority activities for 2015 include producing information on best practices and encouraging private investors to integrate climate risk into development projects.
Cite the original document
- APA
- Eckstein, D., Kaloga, A., Mazounie, A., Harmeling, S., Chhetri, R., & Imelda, H. (2014). CFAS Guide. Climate and Development Knowledge Network. https://cdkn.org/sites/default/files/files/Financement-climatique-CdP-20-de-Lima.pdf
- Chicago
- Eckstein, David, Alpha Kaloga, Alix Mazounie, Sven Harmeling, Raju Chhetri, and Henriette Imelda. CFAS Guide. Climate and Development Knowledge Network, 2014. https://cdkn.org/sites/default/files/files/Financement-climatique-CdP-20-de-Lima.pdf.
- Wikipedia
- {{cite report |last1=Eckstein |first1=David |last2=Kaloga |first2=Alpha |last3=Mazounie |first3=Alix |last4=Harmeling |first4=Sven |last5=Chhetri |first5=Raju |last6=Imelda |first6=Henriette |title=CFAS Guide |publisher=Climate and Development Knowledge Network |date=November 2014 |url=https://cdkn.org/sites/default/files/files/Financement-climatique-CdP-20-de-Lima.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}
- BibTeX
- @techreport{eckstein2014cfas, author = {Eckstein, David and Kaloga, Alpha and Mazounie, Alix and Harmeling, Sven and Chhetri, Raju and Imelda, Henriette}, title = {{CFAS Guide}}, institution = {Climate and Development Knowledge Network}, year = {2014}, month = nov, url = {https://cdkn.org/sites/default/files/files/Financement-climatique-CdP-20-de-Lima.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }
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